Today's picks: 15 December, 2017

Nifty, Bank Nifty, HPCL, TCS, M&M

Nifty 

Current: 10252 (fut: 10285), 

Target: NA

Stop long positions at 10,210. Stop short positions at 10350. Big moves could go till 10,400, 10,150. Market may range trade until election results. A long 10,100p (80), 10,400c (82) has break-evens at 10,562, 9,938 and may be worth holding for 3-4 sessions. 

Bank Nifty 

Current: 25,038   (fut: 25,218)

Target: NA

Stop long positions at 25,100. Stop short positions at 25,325. Big moves could go till 24,900, 25,450 but range trading likely until election results. 

HPCL  

Current price: Rs 437

Target price: Rs 445

Keep a stop at Rs 432 and go long. Add to the position between Rs 442 and Rs 443. Book profits at Rs 445. 

TCS  

Current price: Rs 2,557

Target price: Rs 2,515

Keep a stop at Rs 2,580 and go short. Add to the position between Rs 25,20 and Rs 2,530. Book profits at Rs 2,515. 

M&M   

Current price: Rs 1,432

Target price: Rs 1,455

Keep a stop at Rs 1,420 and go long. Add to the position between Rs 1,446 and Rs 1,452. Book profits at Rs 1,455. 

Target prices, projected movements in terms of next session, unless otherwise stated.